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The 'Devastating' Hidden Costs of Cancer

The 'Devastating' Hidden Costs of Cancer

Summary

A study highlights the significant economic impact of cancer-related deaths worldwide. In 2022, the global loss in productivity due to early cancer deaths was $566 billion, affecting men and women differently. The research shows that unpaid work, often overlooked, makes up a substantial part of this loss.

Key Facts

  • Over 1.8 million new cancer cases were reported in the United States in 2022.
  • More than 600,000 people died of cancer in the U.S. in 2023.
  • The global productivity loss due to early cancer deaths was estimated at $566 billion in 2022, about 0.6% of the world's GDP.
  • Early cancer deaths in men resulted in $315 billion in societal losses, while those among women resulted in $250 billion.
  • Eastern Asia, Northern America, and Western Europe experienced the highest financial losses from cancer deaths.
  • Countries in Eastern and Middle Africa faced the heaviest economic burden relative to their national economies.
  • Unpaid work, crucial for family and societal functioning, accounted for nearly 46% of the lost societal contributions globally.
  • Lung cancer caused the largest loss, followed by breast, liver, and colorectal cancers.

Source Information